Donald Trump chooses billionaire and key transition adviser Howard Lutnick for commerce secretary

President-elect Donald Trump has nominated Howard Lutnick, a cryptocurrency enthusiast and head of Cantor Fitzgerald, for commerce secretary. Lutnick, a strong advocate for tariffs, would play a key role in implementing Trump's trade policies. The nomination comes after pressure from Elon Musk and others, who favored Lutnick over previous contenders for the position.